Daily Archives: July 25, 2016

National Plan of Action for Children 2016 under preparation: Smt Maneka Sanjay Gandhi The Ministry of Women and Child Development has drafted the National Plan of Action for Children (NPAC) 2016. The NPAC 2016 is based on the principles embedded in the National Policy for Children 2013(NPC 2013) and provides a road-map that links… Read More »

Employers can be fined upto Rs 50,000 for failure to constitute an Internal Complaint Committee for receiving complaints of sexual harassment The National Crime Records Bureau (NCRB) has started collecting data under the category of insult to the modesty of women (section 509 of IPC) at office premises since 2014. A total of No. of… Read More »

Policy Framework for Taxi and other Transport Operators The Government has constituted a Committee under the chairmanship of Secretary, Ministry of Road Transport & Highways to examine the issues related to taxis, aggregators and radio taxies etc. The members of the Committee are Joint Secretary (Transport), MoRTH, Transport Commissioner of Govt. of NCT of Delhi,… Read More »

Mining Lease Fee/Royalty The Minerals (Transfer of Mining Lease Granted Otherwise than through Auction for Captive Purpose) Rules, 2016 have been published in the Official Gazette vide notification No. GSR 560(E) dated 30.05.2016. The transfer charges payable by the transferee shall be an amount equal to eighty per cent. of the royalty paid in terms… Read More »

MINISTRY OF MINES NOTIFICATION New Delhi, the 30th May, 2016 G.S.R. 560(E).—In exercise of the powers conferred by clause (qqja) of sub-section (2) of section 13 read with the proviso to sub-section (6) of section 12A of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government hereby makes the… Read More »

New National Mineral Exploration Policy Geological Survey of India [GSI] has covered almost the entire area of 31.4 lakh sq. km. of the country’s mappable area by systematic geological mapping on 1:50,000 scale. On the basis of this, the geological potential area of 5.71 lakh sq. km. has been identified for scheduled non-fuel and non-coal… Read More »

Draft Rules for prescribing the manner of determination of amount received by the company in respect of share formulated (Section 115QA of the Income-tax Act, 1961) Under section 115QA of the Income-tax Act, 1961 (the Act), additional Income-tax at the rate of 20 percent is levied on the distributed income arising out of buy back… Read More »

Startup India Programme Startup India is a flagship initiative launched by the Government of India on 16th January, 2016 to build a strong eco-system for nurturing innovation and startups in the country which will drive economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower startups to grow through… Read More »

Amendment to Patent Rules The Patent Rules have been amended to include provisions for expedited examination of patent applications on any of the following grounds, namely:- i) That India has been indicated as the competent International Searching Authority or elected as an International Preliminary Examining Authority in the corresponding international application ii) That the applicant… Read More »

F No 370133/30/2016-TPL F No 370133/30/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, Dated 25thJuly, 2016 Subject: Draft Rules for prescribing the manner of determination of amount received by the company in respect of share – section 115QA of the Income-tax Act, 1961-reg. Under section… Read More »

Income Tax cases of Film Stars Jackie Shroff Issue -1 : Advances received by film actor from producers would be taxed in year of receipt or in year of release of film ? Decision : Advances received by film actor from producers would be taxed in year of receipt and not in year of… Read More »

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